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PROPERTY AND EQUIPMENT:
 12 Months Ended
Mar. 31, 2017
PROPERTY AND EQUIPMENT:  
PROPERTY AND EQUIPMENT:

9.PROPERTY AND EQUIPMENT:

 

Property and equipment, some of which has been pledged as collateral for long-term debt, is summarized as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

    

March 31, 

    

March 31, 

 

 

 

2017

 

2016

 

Land

 

$

5,398

 

$

6,737

 

Buildings and improvements

 

 

189,666

 

 

222,868

 

Data processing equipment

 

 

249,131

 

 

261,101

 

Office furniture and other equipment

 

 

32,086

 

 

37,969

 

 

 

 

476,281

 

 

528,675

 

Less accumulated depreciation and amortization

 

 

320,307

 

 

345,632

 

 

 

$

155,974

 

$

183,043

 

 

Depreciation expense on property and equipment was $42.9 million, $40.6 million and $35.5 million for the fiscal years ended March 31, 2017, 2016 and 2015, respectively.